Acquisitions and Divestitures News in Egypt

QatarEnergy Acquires 40% Interest in Exploration Block Offshore Egypt
QatarEnergy Acquires 40% Interest in Exploration Block Offshore Egypt 3/29/2022 - QatarEnergy entered into an agreement with ExxonMobil to acquire a working interest in an exploration block offshore Egypt.

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Pharos Energy Completes Farm-Out Transaction of Egyptian Assets to IPR
Pharos Energy Completes Farm-Out Transaction of Egyptian Assets to IPR 3/24/2022 - Pharos Energy plc, an independent oil and gas exploration and production company, is pleased to announce that it has been notified of the signature by the Egyptian Minister of Petroleum and Mineral Re...
Wintershall Dea Divests its Interest in the Gulf of Suez Concession
Wintershall Dea Divests its Interest in the Gulf of Suez Concession 2/3/2022 - - Transfer of interest to the Egyptian General Petroleum Corporation after 38 years of efficient production
- Proud history in Egypt will continue
- Stronger focus on production of natural ...
SDX Energy Announces Proposed Disposal of 33% of South Disouq for $5.5M
SDX Energy Announces Proposed Disposal of 33% of South Disouq for $5.5M 2/1/2022 - SDX Energy Plc (SDX) is pleased to announce the proposed disposal of 33% of the shares in the entity that holds its interests across its South Disouq concession and its intention to initiate a share b...
Pharos Energy Announces Result of General Meeting
Pharos Energy Announces Result of General Meeting 12/14/2021 - Pharos announces that at the General Meeting held earlier today, the resolution set out in the Notice of General Meeting at the end of the circular to the Company's shareholders dated 25 November 2021...
QatarEnergy Enters Egypt’s Upstream Sector in Two Offshore Blocks
QatarEnergy Enters Egypt’s Upstream Sector in Two Offshore Blocks 12/13/2021 - QatarEnergy entered into agreements with Shell to acquire working interests in two offshore exploration blocks in the Egyptian side of the Red Sea.

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Shell Completes Sale of Western Desert Assets in Egypt
Shell Completes Sale of Western Desert Assets in Egypt 9/24/2021 - Shell Egypt N.V. and Shell Austria GmbH, subsidiaries of Royal Dutch Shell, PLC (Shell), have completed the sale of their upstream assets in Egypt’s Western Desert to a consortium made up of subsidiar...
Pharos Energy to Farm-out Interests in the El Fayum & North Beni Suef Concessions
Pharos Energy to Farm-out Interests in the El Fayum & North Beni Suef Concessions 9/15/2021 - Pharos Energy plc is pleased to announce that the Pharos Group has entered into conditional agreements for the farm-out and sale of a 55% working interest and operatorship in each of the Egyptian El F...
Dana Gas Wins Arbitration on Sale of Egypt Assets
Dana Gas Wins Arbitration on Sale of Egypt Assets 7/25/2021 - Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company has received an award in its favour dated 19 July 2021 from the London Court of Arbitration (“LCIA”). The arbitrati...
APA & Egypt’s Ministry of Petroleum to Modernize PSC in Western Desert
APA & Egypt’s Ministry of Petroleum to Modernize PSC in Western Desert 5/4/2021 - APA Corporation (APA) announced it has reached an agreement in principle with Egypt’s Ministry of Petroleum and Mineral Resources (MOP) and the Egyptian General Petroleum Corporation (EGPC) in support...
United Oil & Gas Announces Final results for the year ended 31 December 2020
United Oil & Gas Announces Final results for the year ended 31 December 2020 4/26/2021 - United Oil & Gas PLC ("UOG"), the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets, is pleased to announce its audited results for the year end...
Dana Gas Announces Agreement Termination for Sale of Its Egyptian Assets
Dana Gas Announces Agreement Termination for Sale of Its Egyptian Assets 4/25/2021 - Dana Gas PJSC, the Middle East’s largest private sector natural gas company, announced the termination of its agreement for the sale of its Egyptian assets, announced on 25th October 2020. ...
Pharos Energy Announces Concession Agreement Amendment El Fayum Area
Pharos Energy Announces Concession Agreement Amendment El Fayum Area 3/30/2021 - Pharos is pleased to announce that it has received provisional approval from the Egyptian General Petroleum Corporation's (EGPC) Main Board to an amendment of the fiscal terms of its El Fayum Concess...
Shell Signs Agreement with Cheiron & Cairn for Its Interests in Egypt
Shell Signs Agreement with Cheiron & Cairn for Its Interests in Egypt 3/9/2021 - Shell Egypt and one of its affiliates have signed an agreement with a consortium made up of subsidiaries of Cheiron Petroleum Corporation and Cairn Energy PLC to acquire Shell’s upstream assets in Egy...
Wintershall, Cheiron & INA Sign Agreement for East Damanhour Exploration
Wintershall, Cheiron & INA Sign Agreement for East Damanhour Exploration 3/9/2021 - The Egyptian Minister of Petroleum and Mineral Resources, H.E. Eng. Tarek El Molla, has approved a deed of assignment agreement signed between Wintershall Dea, Cheiron and INA to jointly explore the E...
Zenith Energy Announces Acquisitions Agreement in MENA Region
Zenith Energy Announces Acquisitions Agreement in MENA Region 1/11/2021 - Zenith Energy Ltd. ("Zenith") (ZENA-ME), the listed international oil & gas production company focused on pursuing African development opportunities, is pleased to announce that it has entered into a ...
Total Enters a New Operated Exploration Permit in Egypt
Total Enters a New Operated Exploration Permit in Egypt 1/4/2021 - An international consortium led by Total (Total 35% Operator, Shell 30%, KUFPEC 25%, Tharwa 10%) and the Egyptian Natural Gas Holding company (EGAS) have signed an exploration and production agreement...
Sale of Dana Gas’ Onshore Egypt Producing Business to IPR Energy
Sale of Dana Gas’ Onshore Egypt Producing Business to IPR Energy 10/25/2020 - Dana Gas PJSC has entered into a binding agreement with IPR Wastani Petroleum Ltd, a member of the IPR Energy Group (“IPR”) for the sale of its onshore Egyptian producing oil and gas assets for a cons...
SDX Energy Announces Sale of Non-Core Egyptian Asset
SDX Energy Announces Sale of Non-Core Egyptian Asset 7/14/2020 - SDX Energy Plc (SDX) announces that it has disposed of its 50% working interest in the North West Gemsa licence, situated in the Eastern Desert of Egypt. The purchaser, Gulf Energy, a private Egyptian...
Noble Energy Provides Second Quarter Update
Noble Energy Provides Second Quarter Update 7/9/2020 - Noble Energy, Inc. (NBL) (“Noble Energy”) provided an update on multiple fronts, including second quarter sales volumes and cost performance.

Second Qua...

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